Published January 31, 2025 | Version v1
Journal Open

ROLE OF ARTIFICIAL INTELLIGENCE IN FINANCE SECTOR

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Today's world is a world of computer technology. Most of the work is done through computers. Online shopping, online payment, online ticket booking, online electricity bill payment, online exams, e-court services, and e-banking are some examples of computer technology. It is progressing day by day. Artificial intelligence, which is developed through computer language, mathematics and physics which is a current updating in computer technology, which includes machine learning and language of algorithm. It is a manmade-computerized tool which works like a human being or more than a human being. It is nothing but a machinery-based knowledge system so known as Artificial Intelligence which is not natural but created artificially. Artificial Intelligence is being used in various fields, like Automobiles, Healthcare, Retail and Ecommerce, Finance, Transportation and logistics, Education, Manufacturing, Entertainment, and Education. Agriculture, Energy, Personnel Management and Environmental Science. Artificial Intelligence is an indivisible element of the modern world.  Artificial Intelligence is playing key role in modernising finance sector.  Study of concept of Artificial Intelligence, and the AI key role in the finance sector with various AI applications utilized in the finance sector. Studies will be done by means of secondary data available on the internet, various websites and research papers. The research paper concludes the role of AI in the finance sector with an explanation of the advantages and limitations of AI in the Finance Sector.

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